First Cobalt Corp.
First Cobalt is focused on building a diversified global portfolio of assets that are highly leveraged to the cobalt market. Our primary focus is in the Cobalt Camp in Ontario, Canada, where we have an interest in the former producing Keeley-Frontier mine, a high-grade silver-cobalt mine (produced over 3.3 million pounds of cobalt and 19.1 million ounces of silver 1908 - 1965). First Cobalt forms through the takeover of CobaltOne and Cobaltech the largest Northamerican Cobalt developer on the way to production.
In Canada, 37 Kilometers from Cobalt, Ontario, the Company hold interests in key mineral rights in a region that boasts historic production in excess of 19,000,000 ounces of silver and of 3,300,000 pounds of cobalt from 1908 to 1965. The location is readily accessible with excellent infrastructure nearby, along with an extraordinarily detailed and documented exploration and production history.
First Cobalt Corp. is moving quickly to leverage its potential opportunity against an economic background that estimates global consumption for refined cobalt is set to reach 100 kt in 2017. While demand growth for most metals has stalled in recent years, cobalt demand continues to grow strongly – spurred on by the increasing popularity of Li-ion batteries. As demand from rechargeable batteries used in consumer electronics continues to be robust, the prospect of a booming Electric Vehicle market is set to generates further upside demand potential with some estimates indicating that demand for cobalt will grow at an average rate of approximately 5% per annum for the next ten years.
First Cobalt wants to expand the drill program to include additional mines acquired in mergers. Also they will do infill drilling at Keeley-Frontier and evaluate the regional exploration targets. On the stockpile processing they will work and engage XPS, Dundee Sustainable & SNC Lavalin to begin the stockpile assessment. Muckpile volumetrics and sampling are underway. In H2-2018 the will start a preliminary study on the flowsheet design and metallurgy.
Data & Facts
|Pro forma new company Oustanding shares:||194.8 Mio. shares|
|Pro forma new company fully diluted:||206.5 Mio. shares|
|Head Office:||First Cobalt Corp.|
|Suite 201, 140 Yonge Street|
|Management:||Trent Mell, President & CEO|
|Dr. Frank Santaguida, P.Geo. Vice President, Exploration|
|Peter Campbell, P.Eng. Vice President, Business Development|
|Kevin Ma, CFO|
|Jason Rickard, P. Geo., Exploration Manager, Greater Cobalt Project|
|Heather Smiles, Investor Relations|
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